Day: December 23, 2011

Individual | Politics | Tax policy

Payroll Tax Cut Bill Includes New 'Recapture' Tax For The Wealthy
ByKelly Phillips Erb December 23, 2011

So now that the payroll tax cut has been extended for two months, what does that mean for taxpayers? Well, even though the collective wisdom is that Congress will hammer out a longer term deal, the IRS gets to play a game of “let’s put a bunch of provisions in place within the space of…

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Individual | Politics

Congress Takes A Holiday, Passes Payroll Tax Cut Extension Anyway
ByKelly Phillips Erb December 23, 2011

Congress may be on holiday but they still managed to get something done. And by something, I mean nothing. But they want to pretend that they did something so we’ll let them have their moment. The House and the Senate passed a bill that would extend the payroll tax cuts for a lousy two months….

Read More Congress Takes A Holiday, Passes Payroll Tax Cut Extension Anyway